Devon Energy on Wednesday declared a quarterly cash dividend of 9 cents a share. The Board of Directors approved the dividend on Devon’s common stock for the third quarter of 2019. It will be payable on Sept. 27, 2019 based on a record date of Sept. 13, 2019. Devon announced its last dividend in March …
The Oklahoma Corporation Commission has started contempt proceedings against the Shanks Drilling and Production Company of Bixby over an oil leak during the flooding of the Arkansas River. The leak was observed last week and led state regulators to notify the Environmental Protection Agency of a possible violation of federal rules and regulations. A spokesman …
Williams Cos. leaders in Tulsa await a decision by New Jersey regulators regarding the company’s $1 billion pipeline that would carry natural gas from Pennsylvania to New York City and Long Island. The company already faced interference by New York Gov. Andrew Cuomo before it won approval there. It had earlier been approved by the …
A new report indicates natural gas flaring and venting in the Permian Basin hit an all-time high in the first quarter of 2019 and the lack of pipelines is the reason. The report by Rystad Energy showed producers burned or vented 661 million cubic feet a day in the Permian Basin that includes West Texas …
A Denver-based energy company, Resource Energy Can-Am LLC has acquired assets in the Bakken Play of North Dakota. But the company isn’t identifying the seller of the assets in Divide County. It identified the assets as 19 wells with 750 net BOEPD and proved producing net reserves of 2.2 MMBOE. It makes Resource Energy’s …
For three weeks, Oklahoma’s Port of Catoosa has been closed due to the flooding of the Arkansas River. And now officials say there could be an obvious impact on not just Oklahoma’s economy but those in at least 20 other states. “We are shut down on the waterway. Now the Port of Catoosa is in …
With major operations throughout Oklahoma, Schlumberger Limited plans to release its second quarter earnings report in July. Leaders hope to see a reversal of downward trends reported in North America earlier in the year. The French-based company stated it will hold a conference call July 19 to discuss the results for the second quarter ending …
HollyFrontier Corporation based in Dallas plans to announce its financial results for the quarter ending June 30 on Aug. 1, 2019. Investors will be eager to learn whether the company’s temporary shutdown of its Tulsa refinery due to flooding of the Arkansas River will have had a negative impact on earnings. The company also has …
Devon Energy is partnering with the Oklahoma FFA Foundation to put new technology in the hands of Oklahoma students. Devon is offering the 2019 FFA Technology and Innovation Grant for FFA chapters in central and northwest Oklahoma for the 2019-2020 school year. Grants up to $5,000 will be awarded to support science, technology, engineering and …
Those Democratic presidential hopefuls who’ve come out in support of banning hydraulic fracturing nationwide are getting a response from the leader of one oil and gas group in Oklahoma. Chad Warmington of the OIPA/OKOGA is even inviting them to come to Oklahoma and see what the industry’s done for the state. “We’d welcome presidential hopefuls …